Chipotle 1420 East Pacheco Boulevard, Los Banos, CA Cap Rate 3.75% Los Banos ( California, US ) Built

$3,000,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 2,500 sq. ft.
  • Development Level: Built
  • Lot Size: 0.68 acres
  • Year Built: 2020

Description

Chipotle 1420 East Pacheco Boulevard, Los Banos, CA Cap Rate 3.75%

Cap Rate: 3.75%
NOI: $112,500
Building Size: 2,500 sqft
Lot Area: 0.68 acres
Lease Type: Triple Net
Year Built: 2020
Tenancy: Single
Lease Expire Year: 2036

Price: $3,000,000 USD

DESCRIPTION
The subject property is prominently located with excellent access and visibility along the East Pacheco Boulevard retail corridor (33,500 AADT) adjacent to its signalized intersection with Mercey Springs Road (33,500 AADT).​ The site benefits from robust demographics with a population of 42,935 within a 5 mile radius.​ Average household income within 3 miles of the property is $71,722.​
The property benefits from a prominent retail location in close proximity to numerous shopping centers and major retail tenants and adjacent to Starbucks, Walgreens, and a future Dutch Bros.​ Coffee.​ Nearby shopping centers include College Plaza, featuring Dollar Tree, Food 4 Less, and Big 5 Sporting Goods; Canal Farm Shopping Center, anchored by Rite Aid; San Luis Plaza, featuring 99 Cents Only and Tractor Supply Co; and Stonecreek Plaza, featuring Target, Hobby Lobby, Dollar Tree, and Petco.​ Other major retail tenants include Save Mart, Walmart Supercenter, The Home Depot, Dollar General Market, and more.​ In addition, the property is locate in close proximity to Los Banos High School, Mercey Springs Elementary School, and Los Banos Elementary School, drawing additional traffic from students, parents, and teachers to the site.​

HIGHLIGHTS
• New Corporate 15-Year NNN Lease to Chipotle (NYSE:CMG) with Scheduled Rental Escalations Every 5 Years
• Highly Functional Footprint with Drive Thru Component Featuring "Chipotlane" Contactless App-Based Ordering Ideal for Pandemic Precautions
• Prominent Retail Location adjacent to Walgreens, Starbucks & Future Dutch Bros. Coffee
• Excellent Access and Visibility at Junction of East Pacheco Blvd & Mercey Springs Road – Combined AADT of 67,0003
• Robust Demographics in Surrounding Area - Population of 42,935 within 5 Mile Radius
• Approximately 80 Miles from San Francisco Bay Area

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#439619199
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Information is deemed to be correct but not guaranteed.